The U.S. Securities and Exchange Commission (SEC) has recently extended its review period for options trading linked to both BlackRock and Bitwise’s spot Ethereum exchange-traded funds (ETFs) until mid-November. This postponement has raised questions among investors and analysts alike about the implications for the broader cryptocurrency market. Originally, BlackRock’s rule change proposal for its iShares
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In the ever-evolving realm of cryptocurrency, Bitcoin (BTC) remains a focal point for traders and investors alike. Recently, veteran crypto trader Peter Brandt alluded to a trading pattern known as ‘Three Blind Mice.’ This commentary has been met with curiosity and concern from the crypto community, as the implications of this pattern could suggest a
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Ethereum (ETH) has recently experienced a notable decline, trading below critical support levels of $2,450 and falling into a bearish trajectory. The cryptocurrency is currently caught in a consolidation phase that poses challenges for any immediate recovery attempts. As it stands, ETH is struggling to breach the $2,425 resistance, indicating a cautious market sentiment among
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As we navigate through 2024, the cryptocurrency market is grappling with a notable downturn, especially for key players like Bitcoin and Ethereum. Recent statistics indicate a significant reduction in the number of active addresses for both cryptocurrencies: Bitcoin has seen a decline from 1.17 million to 855,000, while Ethereum’s active addresses have fallen from 382,000
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In a significant development within the realm of cryptocurrency, TrustToken and TrueCoin, the creators behind TrueUSD (TUSD), have recently reached a settlement with the U.S. Securities and Exchange Commission (SEC). This comes after the SEC levied charges against them concerning the alleged fraudulent and unregistered sales of investment contracts. The ramifications of this settlement are
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